Mexico's Pemex reports $84.5 billion debt for 2025

Mexico’s state-owned oil company Pemex cuts its financial debt to $84.5 billion in 2025, marking the fifth consecutive year of decline.

February 4, 2026

Reuters

Mexico's Pemex reports $84.5 billion debt for 2025

A drone view shows the Pajaritos terminal of Mexico's state-owned oil company Pemex, as Mexico is reconsidering oil shipments to Cuba amid fears the policy could spark U.S. reprisals, in Coatzacoalcos, Veracruz state, Mexico, January 23, 2026.

Angel Hernandez/Reuters

The 2025 financial debt of Mexico's state-owned oil firm Pemex, closed at $84.5 billion, the company's CEO Victor Rodriguez Padilla said on Wednesday during the daily morning press conference of Mexico's president Claudia Sheinbaum.

Pemex's financial debt at the end of 2024 was of $97.6 billion. 2025 marks the fifth consecutive year that the state-owned firm saw a decrease in its financial debt, Rodriguez said.

-Reporting by Ana Isabel Martinez, Editing by Iñigo Alexander/Reuters

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